9 bedroom house for sale

Overview

REDUCED - Multi-unit commercial/residential investment across two, three storey properties

FOR SALE BY PUBLIC AUCTION: The auction will take place online on 26th March 2024 at 04:15 PM with registration through our website.REDUCED - Multi-unit commercial/residential investment across two, three storey properties. Partly let and complete with some residential units to finish. Potential for substantial rental improvement in our opinion.DescriptionEnd of terrace investment property comprising 2 three storey properties. The buildings themselves are of brick and stone construction under pitched tile roofs and also benefit from uPVC windows throughout. The units are in various levels of condition and completion and briefly comprise; 298-300 Holton road commercial unit across the front of both buildings - Currently vacant. Previously let to a local clothing bank at £1,000 pcm (£12,000 pa) 298 - 2 x 1 bed apartments informed let to long standing tenants on AST's at £455 pcm each. (10,920 pa) 1 x 2 Bed maisonette, currently empty, and partially converted into two smaller apartments. This maisonette was previously let for £550 pcm (£6,600 pa). 300 - 1 x large 1 bed flat, in generally good condition with some repair works needed in one room. Informed let until recently for £500 pcm (£6000pa)4 bedroom maisonette, currently vacant. Previously let on license to VOG council adult services for £103.85 per week per room plus 4 x £20 per week service charge. (£21600.80 pa + £4160 pa) Please note that previous total incomes when fully let of over £60,000, versus current informed income of £10,920pa. There is obviously potential for substantial improvement in these incomes in our opinion. However, please consult the legal pack for verification of all tenancies, licenses and incomes.Further images and detail to follow.Accommodation298 Holton RoadGF - Part of Commercial unit. Rear maisonette - partially converted to two units.FF - Rear maisonette first floor. FF Flat - Hall, Sitting room, bedroom, kitchen, bathroom.SF - SF flat - Hall, Sitting room, bedroom, kitchen, bathroom.OS - Overgrown fenced off garden, rear yard entrance to maisonette.300 Holton RoadGF - Part of commercial unit. Rear flat - Sitting room, bedroom, kitchen, shower room.FF - Maisonette - landing, kitchen/living area, bathroom, two bedroomsSF - Landing, two further bedrooms to maisonette.OS - Rear yard.Informed Freehold please refer to legal pack for verification of tenureAdditional FeesBuyer's Premium 1.2% with a minimum of £1,200 (inc of VAT) payable on exchange of contracts. Please refer to the legal pack for any further disbursements to be paid by the purchaser on completion.Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.Further InformationAuctioneers Office, Seel and Co ViewingViewing by appointment with Seel and Co For more details and to contact: https://realtyww.info/houses/for-sale_i69244901

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